Monthly Archives: August 2018

Bitcoin Hovers Near $7,000, While Altcoins Show Marked Signs of Recovery

After yesterday’s nosedive, Bitcoin continues to trade around the $7,000 mark, while other major coins show modest signs of recovery. August 5: After yesterday’s market nosedive, Bitcoin (BTC) is up just slightly, hovering around the $7,000 mark. All major altcoins are however showing marked signs of recovery, up between one and seven percent, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,040 to press time, holding ground on the day after its rapid tumble yesterday back to a price point not […]

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Queensland, Australia Invests Portion of its $6.1Mil Ignite Ideas Fund in Crypto Startup

Queensland, Australia is giving away millions with its Ignite Ideas fund. This week, it posted details regarding the AUD$8.3 million grant ($6.1 million USD). Something like 70 regional companies shared the bounty, including a cryptocurrency startup, Travelbybit, which managed to snag AUD$100,000 on its way to promoting tourism using crypto.  Also read: Bitcoiners Hope to Have a Friend in Top US Regulator Jay Clayton Part of Queensland, Australia’s $6.1Mil Goes to Travelbybit “Tourism is one of Queensland’s most important industries,” Innovation Minister Kate Jones announced. “Travelbybit has […]

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‘No Coffee for Bitcoin,’ Starbucks Clarifies as Media Misrepresent Its New Crypto Venture

Starbucks clarifies it won’t be accepting Bitcoin for coffee after multiple major news outlets misreport on its new crypto-related venture. Starbucks has clarified that it will not be accepting Bitcoin (BTC) or other cryptocurrencies as payment, despite misleading reports from mainstream media, a spokesperson told Motherboard Friday, July 3. Earlier on Friday, New York Stock Exchange (NYSE) operator the Intercontinental Exchange (ICE) announced plans to create a new “global platform and ecosystem for digital assets,” dubbed “Bakkt,” alongside a group of big name enterprises including Starbucks, BCG […]

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Blockchain States Lure Citizens with Political Nostalgia and Voting Rights

If you’ve ever thought of acquiring a digital, virtual citizenship, there are a couple of new options on the table – a ‘Satoshi Nakamoto Republic’ and a ‘Soviet Land’ on blockchain, among others. True, ‘crypto passports’ often come with coin offerings that you might not necessarily be interested in — But the blockchain republics also promise social justice, new or forgotten models of governance, voting rights for every citizen.   Also read: This ICO Project Wants to Detokenize Itself ‘Soviet Land’ to Issue its Own Crypto Ruble The […]

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Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders

Anyone getting involved with leveraged trading must assume upon themselves the risks associated with the potentially highly rewarding practice. A recent event should remind traders that, sometimes, even when the trade goes your way, you can still take a hit. Okex socialized one trader’s massive loss on BTC futures with a clawback. Also Read: The Weekly: China Hires Cryptographer, McDonald’s Unveils Maccoin, Bitmain Gets Richer Forced Liquidation Okex, the Chinese-run cryptocurrency exchange based in Hong Kong, has announced on Friday that “an enormous long position” in BTC0928 […]

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Hodler’s Digest, July 29-August 5: Both Kim Kardashian and the Operator of the New York Stock Exchange Get Into Bitcoin

The crypto markets have taken a tumble this week, despite positive adoption news coming from the New York Stock Exchange operator. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week New York Stock Exchange Operator Announces Digital Assets Platform, BTC Futures Intercontinental Exchange, the operator of 23 global exchanges […]

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Jamie Dimon Says JPMorgan Will Use Blockchain ‘for a Whole Lot of Things’

Speaking with the Harvard Business Review, JPMorgan’s Jamie Dimon shies away from speaking about crypto, calling new forms of payment the biggest competitive threat. JPMorgan Chase’s Jamie Dimon was bullish on blockchain tech, but shied away from commenting on cryptocurrency, saying fiat payment apps are “the biggest potential disruption to our business” in an interview published in the July-August issue of the Harvard Business Review. When asked about his company’s chief competitive threat, Dimon, chairman and CEO of JPMorgan Chase — the largest of America’s Big Four […]

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Bitpico Cashes Out, Claiming BTC to Be “World’s Most Manipulated Commodity”

Bitpico, a controversial mischief-maker within the world of bitcoin, has allegedly rage-quit BTC altogether. The pseudonymous entity, who has previously caught attention for stress-testing the Bitcoin Cash network and trying to keep Segwit2x alive, has now reportedly washed his hands of Bitcoin core altogether. There remains the possibility, however, that it’s merely the latest publicity stunt from a notorious troll. Also read: A Character Called Bitpico Thinks He Can Stress-Test the BCH Network Bitpico Allegedly Rage Quits on Bitcoin Core Bitpico was last in the news six weeks […]

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Bitcoin Magazine’s Week in Review: Challenging the Way It’s Always Been Done

This past week, we talked to three security experts about how to design smarter and more secure smart contracts. Google is dipping its toe in the blockchain waters by introducing integrations for applications built with Ethereum and Hyperledger. The financial sector got some more love with the Digital Chamber of Commerce’s white paper to help cryptocurrency and ICO markets grow responsibly. Finally, 17 tons of almonds moved from Australia to Germany with real-time tracking and verification on the blockchain. Featured stories by Jimmy Aki, Colin Harper, Marianne […]

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‘Treasure Ship’ ICO Dupes Investors – South Korea Asks Interpol for Help

South Korean police have asked Interpol for help with an investigation into the fraudulent token sale of Shinil Gold Coins that were claimed to be backed by the “treasure” on the sunken Dmitrii Donskoi. Local media reported that the sale raised an estimated $53.5 million from about 124,000 investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Treasure Ship Without Treasure South Korean company Shinil Group announced on July 18 that it had discovered the shipwreck of Russian battleship Dmitrii Donskoi that was scuttled in 1905. The company […]

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